How to Check for Autocorrelation/Serial Correlation?
Posted: Sun Mar 29, 2015 10:55 am
I am running a multiple regression trying to work out how HIV affects the GDP of several countries across 24 years. I have 912 observations. My problem is that I don't know how to find out if my data has serial correlation, I suspect it does because my Durbin Watson stat is near 0. I look to confirm this visually but I can't find the correlelogram Q stat option in the software. I'm usig Eviews 8 and I don't know how to find this option. Subsequently, I also need to know how to fix this serial correlation. I was told that I had to run newey-west and re-estimate my model and i don't know how to do this as well. Please Help.